Table 6 Pearson correlation matrix and VIF.

From: A global analysis of bank profitability factors

	ROAE	ROAA	TALN	NPL	RSKC	EFR	NIM	GRM	ETAR	CLR	CDP	CLO	CLOC	BRC	INF	UNEM	GPC	GDPG	CBIR
ROAE	1
ROAA	0.856**	1
TALN	−0.004	−0.096	1
NPL	−0.401**	−0.027	−0.023	1
RSKC	0.019	0.041	−0.015	0.307*	1
EFR	−0.293*	−0.260*	−0.096	0.057	−0.014	1
NIM	0.021	0.033	−0.019	0.281**	0.493**	0.005	1
GRM	0.021	0.034	−0.019	0.281**	0.492**	0.007	0.372**	1
ETAR	0.146*	0.474**	−0.224*	0.048	0.040	−0.135*	0.027	0.028	1
CLR	−0.032	−0.036	0.053	0.039	0.006	0.091	0.002	0.003	−0.127*	1
CDP	0.036	−0.006	0.389**	0.019	−0.003	−0.059	−0.004	−0.004	−0.075	0.053	1
CLO	0.035	−0.012	0.224**	0.016	−0.004	−0.066	−0.005	−0.005	−0.089	0.029**	0.469**	1
CLOC	0.031	−0.036	0.099	−0.159*	−0.006	−0.233**	−0.011	−0.011	−0.076	−0.027	0.124	0.119*	1
BRC	0.049	0.081*	−0.328**	−0.174*	−0.027	0.011	−0.014	−0.012	0.107	−0.018	−0.183	−0.203*	0.334**	1
INF	0.311**	0.218**	−0.015	0.022	0.012	−0.085	−0.005	−0.005	0.093	0.016	−0.016	−0.019	−0.084	−0.035	1
UNEM	−0.024	−0.048	0.045	0.078	0.014	0.013	0.003	0.003	−0.023	−0.044	−0.005	0.006	−0.051	−0.074	0.462**	1
GPC	−0.038	−0.011	−0.097	−0.180*	−0.029	0.154*	0.016	0.016	0.074	0.001	−0.040	−0.046	−0.175*	0.357**	−0.101	−0.028	1
GDPG	0.216**	0.277**	0.082	−0.027	−0.003	−0.160*	0.003	0.003	0.036	−0.032	0.050	0.051	0.297**	0.005	0.382**	0.027	−0.081	1
CBIR	0.193*	0.190*	0.023	0.044	0.023	−0.173*	−0.011	−0.011	0.065	−0.017	0.018	0.015	0.159*	−0.118*	0.530**	0.291*	−0.452**	0.336**	1
DCPS	0.034	−0.011	0.014	−0.291**	−0.022	−0.088	0.005	0.005	−0.046	0.013	0.063	0.038	0.200*	0.336**	−0.145*	−0.116*	0.411**	0.049	−0.193*
VIF	1.492	1.907	1.203	2.078	3.350	2.974	1.590	3.898	2.179	2.078	1.964	2.142	3.037	1.092	2.154	3.351	2.413	1.990	1.847

VIF Variance inflation factor.
* Correlation is significant at the 0.05 level; ** Correlation is significant at the 0.01 level.

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